Davis Investment Partners LLC Lowers Holdings in BorgWarner Inc. (NYSE:BWA)

Davis Investment Partners LLC cut its stake in BorgWarner Inc. (NYSE:BWA) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,710 shares of the auto parts company’s stock after selling 6,891 shares during the period. Davis Investment Partners LLC’s holdings in BorgWarner were worth $767,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in BorgWarner by 23.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock worth $278,190,000 after acquiring an additional 1,640,503 shares during the period. Geode Capital Management LLC increased its position in shares of BorgWarner by 3.5% during the third quarter. Geode Capital Management LLC now owns 6,384,366 shares of the auto parts company’s stock worth $231,376,000 after acquiring an additional 217,050 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of BorgWarner by 21,752.6% in the third quarter. Pacer Advisors Inc. now owns 4,646,950 shares of the auto parts company’s stock worth $168,638,000 after acquiring an additional 4,625,685 shares in the last quarter. Earnest Partners LLC boosted its holdings in BorgWarner by 20.2% in the second quarter. Earnest Partners LLC now owns 3,979,776 shares of the auto parts company’s stock valued at $128,308,000 after purchasing an additional 669,137 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in BorgWarner by 19.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,764,103 shares of the auto parts company’s stock valued at $100,309,000 after purchasing an additional 445,540 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Stock Up 1.6 %

Shares of BorgWarner stock traded up $0.51 during midday trading on Monday, hitting $31.55. The company’s stock had a trading volume of 2,411,161 shares, compared to its average volume of 2,164,994. The firm has a market capitalization of $6.90 billion, a P/E ratio of 8.01, a PEG ratio of 0.77 and a beta of 1.20. BorgWarner Inc. has a 1-year low of $29.51 and a 1-year high of $38.22. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $33.37.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. The company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that BorgWarner Inc. will post 4.22 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Monday, December 2nd. BorgWarner’s dividend payout ratio (DPR) is presently 11.17%.

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total transaction of $197,334.00. Following the completion of the transaction, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. The trade was a 13.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the transaction, the vice president now owns 206,969 shares in the company, valued at $7,094,897.32. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 222,010 shares of company stock worth $7,678,076. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BWA. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. The Goldman Sachs Group reduced their target price on BorgWarner from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on shares of BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Guggenheim restated a “buy” rating and set a $41.00 price target on shares of BorgWarner in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.